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What is a Bad Debt Expense?

July 23, 2021 admin Comments Off on What is a Bad Debt Expense?

When companies do business on credit, they have accounts payable and accounts receivable. They represent accrued revenues and debts that will eventually come due. But what happens when your accounts receivable come due and you don’t get paid? For many companies, it ends up as a bad debt expense.
A bad debt expense is a cost that is recognized when an entity is unable to collect a receivable due to a customer being unable to pay. It’s the result of default. Bad debt expense is the accounting standard for removing uncollectable debt from accounts receivable, and it’s a common practice …read more […]

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Snowflake Stock Forecast: IPO Superstar

July 23, 2021 admin Comments Off on Snowflake Stock Forecast: IPO Superstar

The current Snowflake stock forecast is bullish and the company has recently been on analysts “hot tech stock” lists. Snowflake (NYSE: SNOW) is a cloud computing-based data warehousing company based in Bozeman, Montana. Snowflake was founded in July of 2012 and became a publicly traded company in October of 2014. Mike Speiser was the founding investor and first CEO who partnered with Benoit Dageville, Thierry Cruanes and Marcin Zukowski to build the company. Together, they created a future for companies in which data was the main component to drive better outcomes.

Snowflake Stock Forecast for Largest Software IPO Ever
Snowflake produced $3.9 …read more […]